Changes in substantial shareholding; transactions of persons closely associated with persons discharging managerial responsibilities
08 June 2023 - 12:30AM
Changes in substantial shareholding; transactions of persons
closely associated with persons discharging managerial
responsibilities
In accordance with § 186 of the Securities
Market Act, AS Baltika hereby announces it has been notified on
05.06.2023 of the following change in substantial shareholding
under subsection (1) of § 185 of the Securities Market Act.
On 31.05.2023, KJK Fund Sicav-SIF (in
liquidation) transferred its entire shareholding in AS Baltika
(i.e. 48,526,500 shares) to its subsidiary KJK BLTK Holding OÜ
(registry code 16008469), as a result of which KJK BLTK Holding
acquired approximately 89.7% i.e. over 2/3 of all votes represented
by the shares of AS Baltika.
As KJK BLTK Holding OÜ constitutes a 100%
subsidiary of KJK Fund Sicav-SIF (in liquidation), the transaction
described above constitutes an intra-group transaction.
The transaction described above also qualifies
as a transaction made by persons closely associated with persons
discharging managerial responsibilities with respect to AS Baltika
Therefore on 05.06.2023 AS Baltika has also been notified of the
above transaction under subsection (1) of Article 19 of the
Regulation of the European Union and of the Council (EU) No.
596/2014 by KJK BLTK Holding OÜ and KJK Sicav-SIF (in liquidation;
managed by KJK Management S.A.). The listed persons qualify as
persons closely associated with the members of the supervisory
board of AS Baltika Kristjan Kotkas and Lauri Kustaa Äimä and
Jaakko Sakari Mikael Salmelin respectively.
Brigitta KippakChairman of the Management Board,
CEObrigitta.kippak@baltikagroup.com
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